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The nation’s auction clearance rate rebounded further over the weekend, recording a preliminary national clearance rate of 82.4%, up from the prior weekend’s 74.6%.
Sydney’s preliminary clearance rate remained rock solid at 84.3% versus 82.3% the prior weekend, whereas Melbourne’s rebounded to 77.2% from 56.4% the prior weekend:
According to CoreLogic:
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.